Covered Call Option Sold

While I was on vacation the call I had sold on Silver Wheaton SLW had matured out of the money. I was able to sell the August $12.50 call for $.55 for 57 days. This is a 4.7% return if uncalled.

I bought 100 shares of SLW in February for $10.56 and have sold the $12.50 call 3 times for a total of $103.20 in option premium after commissions. The shares are currently trading around $12.

This is the type of trade I am most interested in at this time. A company I really like for the growth prospects, yet I can earn another 20% per year in option premium.


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